Investment Canada Act Pre-Merger Review Threshold Increases to $ 1 Billion

By | Competition Chronicle | June 27, 2017
pexels-photo-210599 Canada’s planned increase to the generally applicable threshold for “net benefit” reviews under the Investment Canada Act (ICA) from $800 million to $1 billion became effective June 22, 2017. The new $ 1 billion threshold, which is calculated using the enterprise value of the Canadian business being acquired, should have the effect of exempting most investments or dispositions by WTO investors (that are not state-owned enterprises) from the “net benefit to Canada” review process under the ICA.  View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Taking Stock of the “Blockchain Amendments” to the Delaware General Corporation Law

By | Venture Law Blog | June 27, 2017
Two amendments have been proposed to the Delaware General Corporation Law (the “DGCL”) to permit corporate record keeping utilizing blockchain databases (the “Blockchain Amendments”). Specifically, “stock ledger” is to be defined in Section 219 of the DGCL to include ledgers “administered by or on behalf of the corporation,” in order to permit a record keeping system utilizing blockchain databases. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Forest Oil: Texas Supreme Court Rejects Exclusive Jurisdiction of the Texas Railroad Commission Over Oilfield Contamination Claims

By | Louisiana Law Blog | June 27, 2017
By Tyler Moore Kostal The Texas Supreme Court recently handed down a decision in Forest Oil Corp. v. El Rucio Land & Cattle Co., Inc., 14-0979, 2017 WL 1541086 (Tex. Apr. 28, 2017), that at first glance, is reminiscent of the landmark Louisiana legacy cases Corbello and Magnolia Coal. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Bill C-44 Receives Royal Assent, Raises Foreign Investment Review Threshold to C$1 Billion

By | The Competitor | June 27, 2017
William Wu and Sara Shayan –  On April 22, 2017, the 2017 budget implementation bill (Bill C-44) received royal assent, enacting amendments to Canada’s foreign investment regime, which raises the foreign investment review threshold for direct acquisitions of non-cultural Canadian businesses by a non-state-owned WTO investor to C$1 billion. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Florida Supreme Court Strikes Down Cap On Medical Malpractice Damages

The Supreme Court of Florida held that the state’s statutory caps on personal injury noneconomic damages in medical negligence actions violate the Equal Protection Clause of the Florida Constitution. The statute, section 766.118, set noneconomic damages caps of $500,000 per claimant in personal injury or wrongful death actions arising from medical negligence. View Full Post
Tweet Like LinkedIn LinkedIn Google Plus

Appraisers’ Valuations Are Light-Years Apart, but Does That Make Them Hired Guns?

Gun4HireThe title of this post notwithstanding, the judge’s decision in the recent, high-stakes stock valuation case I’m about to describe, featuring a clash of business appraiser titans whose conclusions of value differed by almost 400%, did not refer to them as “hired guns.” But the judge did not mince her words in expressing the view that, while “unquestionably qualified to testify on the issue of valuation,” the two experts, whose “zealous advocacy” for their respective clients “compromised their reliability,” offered “wildly disparate” values that were “tailored to suit the party who is paying for them.” Ouch! View Full Post
Tweet Like LinkedIn LinkedIn Google Plus